Itron Agrees to Acquire LineSoft

Updated Feb. 19, 2002 12:28 a.m. ET

Itron Inc., which supplies data acquisition and wireless-communications products for electric, gas and water utilities, agreed to acquire LineSoft Corp. for $42 million in cash and stock. Itron said the acquisition will bring the company tools that can help utilities design new transmission and distribution lines, as well as upgrade existing facilities. LineSoft, Spokane, Wash., is a closely held company that licenses and sells software and engineering design services primarily to electric utilities. The deal is expected to close...